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Board approves formula, admissions and scholarship audit plans for FY2025–26
Summary
The Board of Regents' audit committee approved plans to audit formula funding, admissions and statewide scholarship programs (TOPS, GoGrants, Foster) for FY2025–26, covering 14 formula institutions and 17 scholarship‑funded institutions.
The Board of Regents audit committee approved audit plans for formula funding, admissions and the state's scholarship programs for fiscal year 2025–26.
Regent Williams Brown and staff explained that the formula and admissions audits are statutory, risk‑based evaluations intended to verify institutional data used to allocate formula funding and admissions compliance. Assistant Commissioner Patrick Roque and Associate Commissioner Amanda Kane described metrics the team will review for the formula audit, including adult Pell completers, student progression, and 100% online students. The auditors plan to examine formula calculations, prior legislative auditor findings and prior Board of Regents audit findings; this year staff said they will audit 14 formula institutions.
The admissions audit will use random sampling (about 30 students across internal databases) and entrance/exit interviews with institutional personnel to assess compliance with Board admissions policies; staff said admissions audits were not performed consistently during the COVID period and are being reintroduced.
Regent Williams Brown also described annual scholarship audits for TOPS, GoGrants and the Foster scholarship, noting auditors examine award volume and prior findings and will review 17 postsecondary institutions (two‑ and four‑year, proprietary schools and high schools that supply data). Patrick Roque said the scholarship audits also include high school reviews (public and nonpublic) to validate graduate counts and TOPS‑eligible graduates.
Members asked about the targeted compliance rate: staff said the strategic plan sets a 90% compliance threshold (internally they aim for 95%), and institutions below that threshold receive recommended best practices and training.
The committee moved and approved the formula, admissions and scholarship audit plans by voice vote. The committee chair recommended approval and staff will proceed with on‑site work and sampling as described.
Why it matters: These audits verify the integrity of data that determines state funding and scholarship eligibility; findings can affect institution allocations, scholarship disbursements and corrective actions.
